Patent Assignment
This Patent Assignment agreement (the “Agreement”) is made and entered into on [Date] by and between [Assignor], having its principal place of business at [Address] (the “Assignor”), and [Assignee], having its principal place of business at [Address] (the “Assignee”).
Whereas, Assignor is the owner of certain patents described in Exhibit A attached hereto (the “Patents”); and
Whereas, Assignor desires to assign, transfer, and convey to Assignee all right, title, and interest in and to the Patents, and Assignee desires to accept such assignment, transfer, and conveyance;
Now, therefore, in consideration of the mutual covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
1. Assignment of Patents. Assignor hereby assigns, transfers, and conveys to Assignee, and its successors and assigns, all right, title, and interest in and to the Patents, including all related rights and benefits.
2. Consideration. In consideration of the assignment of the Patents to Assignee, Assignee shall pay Assignor the sum of [Amount] USD.
3. Representations and Warranties. Assignor represents and warrants that it is the sole and exclusive owner of the Patents and that it has the full right, power, and authority to assign the Patents to Assignee.
4. Further Assurances. Each party agrees to execute and deliver all such additional documents and take all such additional actions as may be reasonably necessary to carry out the purposes and intent of this Agreement.
5. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of [State/Country].
6. Entire Agreement. This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements and understandings, whether written or oral, relating to such subject matter.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the date first above written.
[Assignor]
By: ___________________________
Name:
Title:
[Assignee]
By: ___________________________
Name:
Title:
Exhibit A: List of Patents
1. [Patent 1]
2. [Patent 2]
3. [Patent 3]
And any subsequent patents related to the above.
This is just a template and it is important to consult with a legal professional to ensure that the Patent Assignment agreement meets all legal requirements and is tailored to the specific needs of the parties involved.
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